BRW vs. BKE
BRW (Saba Capital Income & Opportunities Fund) is Multisector Bonds fund actively managed by Saba Capital, while BKE (The Buckle, Inc.) is a stock. Over the past 5 years, BRW returned 6.64%/yr vs 6.42%/yr for BKE. At a 0.19 correlation, their price movements are largely independent.
Performance
BRW vs. BKE - Performance Comparison
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Returns By Period
In the year-to-date period, BRW achieves a 3.52% return, which is significantly higher than BKE's -14.66% return.
BRW
- 1D
- 0.76%
- 1M
- 2.67%
- 6M
- 3.59%
- YTD
- 3.52%
- 1Y
- -4.66%
- 3Y*
- 9.80%
- 5Y*
- 6.64%
- 10Y*
- —
BKE
- 1D
- -0.07%
- 1M
- -6.05%
- 6M
- -17.98%
- YTD
- -14.66%
- 1Y
- -2.38%
- 3Y*
- 17.30%
- 5Y*
- 6.42%
- 10Y*
- 14.89%
BRW vs. BKE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | 3.52% | 5.89% | 12.16% | 18.49% | -4.64% | 3.19% |
BKE The Buckle, Inc. | -14.66% | 13.95% | 17.49% | 15.02% | 10.91% | 0.71% |
Correlation
The correlation between BRW and BKE is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.19 |
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Return for Risk
BRW vs. BKE — Risk / Return Rank
BRW
BKE
BRW vs. BKE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saba Capital Income & Opportunities Fund (BRW) and The Buckle, Inc. (BKE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BRW | BKE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.01 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | -0.09 | -0.18 |
| Martin ratioReturn relative to average drawdown | -0.45 | -0.20 | -0.24 |
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Drawdowns
BRW vs. BKE - Drawdown Comparison
The maximum BRW drawdown since its inception was -17.74%, smaller than the maximum BKE drawdown of -71.08%. Use the drawdown chart below to compare losses from any high point for BRW and BKE.
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Drawdown Indicators
| BRW | BKE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.74% | -71.08% | +53.34% |
Max Drawdown (1Y)Largest decline over 1 year | -17.74% | -27.39% | +9.65% |
Max Drawdown (3Y)Largest decline over 3 years | -17.74% | -33.91% | +16.17% |
Max Drawdown (5Y)Largest decline over 5 years | -17.74% | -48.89% | +31.15% |
Max Drawdown (10Y)Largest decline over 10 years | — | -53.20% | — |
Current DrawdownCurrent decline from peak | -8.78% | -25.48% | +16.70% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -27.69% | +23.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.41% | 11.64% | -1.23% |
Volatility
BRW vs. BKE - Volatility Comparison
The current volatility for Saba Capital Income & Opportunities Fund (BRW) is 3.36%, while The Buckle, Inc. (BKE) has a volatility of 9.19%. This indicates that BRW experiences smaller price fluctuations and is considered to be less risky than BKE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRW | BKE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 9.19% | -5.83% |
Volatility (6M)Calculated over the trailing 6-month period | 8.38% | 22.82% | -14.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.45% | 29.82% | -16.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.97% | 35.85% | -22.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.87% | 43.68% | -30.81% |
Dividends
BRW vs. BKE - Dividend Comparison
BRW's dividend yield for the trailing twelve months is around 15.34%, more than BKE's 10.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKE The Buckle, Inc. | 10.34% | 7.30% | 7.68% | 8.52% | 2.32% | 3.17% | 14.21% | 7.40% | 14.22% | 8.42% | 8.77% | 11.99% |
BRW Saba Capital Income & Opportunities Fund | 15.34% | 14.46% | 12.27% | 16.02% | 13.82% | 4.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BRW and BKE have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKE has higher volatility (9.19%) compared to BRW (3.36%). In terms of maximum drawdown, BRW dropped -17.74% vs BKE's -71.08%.
BKE currently has the higher Sharpe Ratio (-0.08 vs -0.35), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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